Prime Minister Pham Minh Chinh chaired the announcement of the National Assembly resolution on the financial center in Ho Chi Minh City.

trung tâm tài chính - Ảnh 1. — Prime Minister Pham Minh Chinh, Head of the National Steering Committee on the International Financial Center in Vietnam, chaired the Conference to disseminate and implement the National Assembly 's Resolution on the International Financial Center in Vietnam on the morning of August 2 - Photo: HUU HANH

This morning, August 2, the Ministry of Finance and the Ho Chi Minh City People's Committee held a conference to announce the National Assembly's resolution on the International Financial Center in Vietnam, with the participation and chairing of Prime Minister Pham Minh Chinh.

Co-chairing the conference were Permanent Deputy Prime Minister Nguyen Hoa Binh , Secretary of the Ho Chi Minh City Party Committee Nguyen Van Nen, Chairman of the National Assembly's Economic and Financial Committee Phan Van Mai, Minister of Finance Nguyen Van Thang, and Secretary of the Da Nang City Party Committee Nguyen Van Quang.

This is considered a strategic step, not only contributing to promoting the country's economy but also affirming Vietnam's new position on the global financial map.

With this resolution, a series of preferential policies have been designed to create an attractive and competitive business environment, attracting financial enterprises, investment funds, financial technology companies and strategic investors from all over the world to converge in Vietnam.

In particular, the income of enterprises from new investment projects in the International Financial Center in priority development sectors and industries is subject to a corporate income tax rate of 10% for 30 years, corporate income tax exemption for no more than 4 years and a 50% reduction in payable tax for no more than the next 9 years. Even projects not in priority sectors and industries receive similar incentives but for a shorter period.

Regarding personal income tax, managers, experts, scientists, and highly qualified people working at the International Financial Center are exempt from personal income tax until the end of 2030.

Meanwhile, individuals with income from transferring shares, capital contributions, and capital contribution rights to members of the center are also exempt from personal income tax until the end of 2030.

Regarding foreign exchange policy, members are allowed to use foreign currencies in activities, transactions and services. It is especially important that businesses can transfer capital in and out of the center more conveniently.

In addition, financial policies and capital market development are also preferential to attract capital for businesses in the financial center.

Delegates visit the photo exhibition at the conference - Photo: HUU HANH

In particular, the resolution also stipulates controlled experimental financial policies for financial services applying technology (FinTech) and innovation. Preferential policies for key areas such as green finance, digital assets and FinTech, commodity and derivative markets, etc. are also decentralized so that the executive agency is allowed to issue them.

Regarding land, many preferential policies are also applied to "attract" international strategic investors such as land leasing without auction bidding, land allocation, land leasing with a maximum term of 70 years, land use rights mortgage for allocated or leased land with one-time land rent payment and assets attached to land at foreign credit institutions...

In addition, the resolution also stipulates a series of other preferential policies on investment in construction, technical infrastructure, and services to soon shape an international financial center.

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Source: https://tuoitre.vn/thu-tuong-pham-minh-chinh-chu-tri-cong-bo-nghi-quyet-quoc-hoi-ve-trung-tam-tai-chinh-tai-tp-hcm-20250802081307966.htm